Polyurethanes Market
Global Polyurethanes Market Size, Share & Trends Analysis Report by Raw Material (Toluene Diisocyanate, Methylene Diphenyl Diisocyanate, And Polyols), by Application (Flexible Foam, Rigid Foam, Snuff Coatings, Sealants, Adhesives, Elastomer, and Others), and by End-User (Automobile, Construction Material, Footwear, Furniture and Bedding, Electronics, and Others) Forecast Period (2022-2028)
The global polyurethane market is anticipated to grow at a significant CAGR of 6.9% during the forecast period. Polyurethane's chemical composition allows for molded shapes and added comfort and convenience to industrial and consumer products. A wide range of polyurethane applications is driving the polyurethane market. Mechanical properties such as durability, strength, and lightweight make polyurethane a very important material in day-to-day life. Changing lifestyle and material preferences is a major driver in the furniture and bedding segment of polyurethanes. For Instance in 2019, According to American Chemistry Council, $89.3 Billion in total output was generated by polyurethanes in the US and according to CPI (Center for the polyurethanes industry) Flexible polyurethane foam accounts for about 30 percent of the entire North American polyurethane market, and is used largely for bedding, furniture and in the automotive industry.
Impact of COVID-19 Pandemic on Global Polyurethane Market
COVID-19 impacted negatively the polyurethanes market as the lockdown stopped many operations, there is a certain pause to manufacturing activities, causing interference in the production of raw materials across the globe due to the COVID- 19 pandemic. Thus, it is impacting the market. However, many polyurethane producers in the cooling and refrigeration sector are re-directing part of their work to the creation of storage systems, such as special coolers, where COVID-19 vaccines can be stored. These refrigerators use resistant polyurethane foam which insulates to protect against warming and ensure vaccine doses stand up to the rigors of long-distance journeys to reach patients across continents and countries. As the production of vaccines constantly increases and distribution become systematic, the polyurethane industry is ramping up to meet the demand, and manufacturers of these specialized coolers also have begun to refine their designs to be even more durable, lightweight, and energy-efficient.
Segmental Outlook
The global polyurethanes market is segmented based on the raw material, polyurethanes type, application, and end-user. Based on the raw material, the market is segmented into toluene diisocyanate, methylene diphenyl diisocyanate, and polyols. Based on the application, the market is sub-segmented into flexible foam, rigid foam, snuff coatings, sealants, adhesives, elastomer, and others. Based on the End-User, the market is segmented into automobiles, construction materials, footwear, furniture and bedding, electronics, and others. Based on the application, flexible foam is holding the major share in the application segment of the polyurethane market. Polyurethane plastics are available in different forms with different uses for countless applications. It has its maximum usage of Flexible Foam material with 34% of the market share is widely used in mattresses, cushions, car seats, and others.
Global Polyurethanes Market Share by End-User, 2021 (%)
Construction Materials are Expected to Hold a Prominent Share in the Global Polyurethane Market
The construction and material segment is expected to hold a prominent market share in the global polyurethanes market, owing to the growing number of energy-efficient building rules. It is becoming more important to provide a building solution that can provide long-term stability as well as energy savings. Stiff foam has many unique insulating properties that make it suitable for both residential and commercial usage. The rigid and spray polyurethane foam sector plays a major role in the building and construction industry. It has unique insulating properties that make it suitable for both new construction and renovation of existing structures. Thus, the rising application of polyurethanes in the building and construction industry For instance, in September 2019, Huntsman Corp. opened a new polyurethanes system facility in Dubai. The purpose of building the facility is to boost Huntsman's downstream capabilities in the Middle East and North Africa by increasing its capacity to create polyurethane systems and polyester polyols for customers.
Regional Outlooks
The global polyurethane market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America).
Global Polyurethane Market Growth, by Region 2022-2028
The Asia-Pacific Region is Expected to Hold a Prominent Share in the Global Polyurethane Market
The Asia-Pacific region is likely to hold a prominent share in the market during the forecast period, owing to the rising production of automobiles and increasing government emphasis on construction growth in the region’s major economies. With growing construction activities and rapid urbanization in countries such as China and India, the usage of polyurethane is increasing in the region. According to the International Trade Association, Under China’s 14th Five-Year Plan, the Ministry of Housing and Urban-Rural Development (MOHURD) issued a notice for the Implementation of Urban Renewal Actions in 2020. While China’s urbanization rate reached 60.6% in 2019, this urban renewal policy aims to develop greener and more efficient cities as the government seeks to improve the quality of China’s urban living conditions.
Market Players Outlook
The major companies serving the global polyurethanes market include BASF SE, Baxenden Chemicals, Bayer A.G., Dow Chemical, DSM N.V., Du Pont, Evonik Industries, Huntsman Corp., INOV polyurethane group, Mitsui Group, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in January 2020, BASF announced a single-digit million-euro investment in the potential expansion of water-based polyurethane dispersions at its Castellbisbal site in Spain. The development will allow BASF to increase its production capacity by 30%.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global polyurethanes market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1.Report Summary
- Current Industry Analysis and Growth Potential Outlook
- Impact of COVID-19 on the Global Polyurethanes Market
- Recovery Scenario of Global Polyurethanes Market
1.1.Research Methods and Tools
1.2.Market Breakdown
1.2.1.By Segments
1.2.2.By Region
2.Market Overview and Insights
2.1.Scope of the Report
2.2.Analyst Insight & Current Market Trends
2.2.1.Key Findings
2.2.2.Recommendations
2.2.3.Conclusion
3.Competitive Landscape
3.1.Key Company Analysis
3.1.1.BASF SE
3.1.1.1.Overview
3.1.1.2.Financial Analysis
3.1.1.3.SWOT Analysis
3.1.1.4.Recent Developments
3.1.2.Covestro AG
3.1.2.1.Overview
3.1.2.2.Financial Analysis
3.1.2.3.SWOT Analysis
3.1.2.4.Recent Developments
3.1.3.Huntsman
3.1.3.1.Overview
3.1.3.2.Financial Analysis
3.1.3.3.SWOT Analysis
3.1.3.4.Recent Developments
3.1.4.The Dow Chemical Co.
3.1.4.1.Overview
3.1.4.2.Financial Analysis
3.1.4.3.SWOT Analysis
3.1.4.4.Recent Developments
3.1.5.Yantai Wanhua Polyurethanes Co., Ltd.
3.1.5.1.Overview
3.1.5.2.Financial Analysis
3.1.5.3.SWOT Analysis
3.1.5.4.Recent Developments
3.2.Key Strategy Analysis
3.3.Impact of COVID-19 on Key Players
4.Market Segmentation
4.1.Global Polyurethanes Market by Raw Material
4.1.1.Toluene Diisocyanate
4.1.2.Methylene Diphenyl Diisocyanate
4.1.3.Polyols
Global Polyurethanes Market by Application
4.2.1.Flexible Foam
4.2.2.Rigid Foam
4.2.3.Snuff Coatings
4.2.4.Sealants
4.2.5.Adhesives
4.2.6.Elastomer
4.2.7.Other
4.3.Global Polyurethanes Market by End-User
4.3.1.Automobile
4.3.2.Construction Material
4.3.3.Footwear
4.3.4.Furniture And Bedding
4.3.5.Electronics
4.3.6.Other
5.Regional Analysis
5.1.North America
5.1.1.US
5.1.2.Canada
5.2.Europe
5.2.1.UK
5.2.2.Germany
5.2.3.Italy
5.2.4.Spain
5.2.5.France
5.2.6.Rest of Europe
5.3.Asia-Pacific
5.3.1.China
5.3.2.India
5.3.3.Japan
5.3.4.South Korea
5.3.5.Rest of Asia-Pacific
5.4.Rest of the World
Company Profiles
6.1.Accella Polyurethane Systems
6.2.Air Products
6.3.Baxenden Chemicals
6.4.Bayer A.G
6.5.Dsm N.V.
6.6.Du Pont
6.7.Evonik Industries Ag
6.8.Inov Polyurethane Group
6.9.Mitsui Chemicals Inc.
6.10.NCFI Polyurethanes
6.11.Polyurethane Ltd.
6.12.Recticel
6.13.The Shepherd Chemical Co.
6.14.The Vita Group
6.15.The Woodbridge Group
6.16.Tosoh Corp.
6.17.Wanhua Chemicals
1.GLOBAL POLYURETHANES MARKET RESEARCH AND ANALYSIS BY RAW MATERIAL, 2021-2028 ($ MILLION)
2.GLOBAL TOLUENE DIISOCYANATE POLYURETHANES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3.GLOBAL METHYLENE DIPHENYL DIISOCYANATE POLYURETHANES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4.GLOBAL POLYOLS POLYURETHANES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL POLYURETHANES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
6.GLOBAL FLEXIBLE FOAM POLYURETHANES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7.GLOBAL RIGID FOAM POLYURETHANES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8.GLOBAL COATINGS POLYURETHANES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9.GLOBAL SEALANTS POLYURETHANES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10.GLOBAL ADHESIVES POLYURETHANES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11.GLOBAL ELASTOMER POLYURETHANES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12.GLOBAL OTHER POLYURETHANES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13.GLOBAL POLYURETHANES MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
14.GLOBAL POLYURETHANES FOR AUTOMOBILE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15.GLOBAL POLYURETHANES FOR CONSTRUCTION MATERIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
16.GLOBAL POLYURETHANES FOR FOOTWEAR MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
17.GLOBAL POLYURETHANES FOR FURNITURE AND BEDDING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
18.GLOBAL POLYURETHANES FOR ELECTRONICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
19.GLOBAL POLYURETHANES FOR OTHER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028($ MILLION)
20.GLOBAL POLYURETHANES MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
21.NORTH AMERICAN POLYURETHANES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
22.NORTH AMERICAN POLYURETHANES MARKET RESEARCH AND ANALYSIS BY RAW MATERIAL, 2021-2028 ($ MILLION)
23.NORTH AMERICAN POLYURETHANES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
24.NORTH AMERICAN POLYURETHANES MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
25.EUROPEAN POLYURETHANES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
26.EUROPEAN POLYURETHANES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
27.EUROPEAN POLYURETHANES MARKET RESEARCH AND ANALYSIS BY RAW MATERIAL, 2021-2028 ($ MILLION)
28.EUROPEAN POLYURETHANES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
29.EUROPEAN POLYURETHANES MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
30.ASIA-PACIFIC POLYURETHANES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
31.ASIA-PACIFIC POLYURETHANES MARKET RESEARCH AND ANALYSIS BY RAW MATERIAL, 2021-2028 ($ MILLION)
32.ASIA-PACIFIC POLYURETHANES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
33.ASIA-PACIFIC POLYURETHANES MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
34.REST OF THE WORLD POLYURETHANES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
35.REST OF THE WORLD POLYURETHANES MARKET RESEARCH AND ANALYSIS BY RAW MATERIAL, 2021-2028($ MILLION)
36.REST OF THE WORLD POLYURETHANES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
37.REST OF THE WORLD POLYURETHANES MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
1.IMPACT OF COVID-19 ON GLOBAL POLYURETHANES MARKET, 2021-2028 ($ MILLION)
2.IMPACT OF COVID-19 ON GLOBAL POLYURETHANES MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3.RECOVERY OF GLOBAL POLYURETHANES MARKET, 2022-2028 (%)
4.GLOBAL POLYURETHANES MARKET SHARE BY RAW MATERIAL, 2021 VS 2028 (%)
5.GLOBAL TOLUENE DIISOCYANATE POLYURETHANES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6.GLOBAL METHYLENE DIPHENYL DIISOCYANATE POLYURETHANES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7.GLOBAL POLYOLS POLYURETHANES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
GLOBAL POLYURETHANES MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
9.GLOBAL FLEXIBLE FOAM POLYURETHANES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10.GLOBAL RIGID FOAM POLYURETHANES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11.GLOBAL COATINGS POLYURETHANES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12.GLOBAL SEALANTS POLYURETHANES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13.GLOBAL ADHESIVES POLYURETHANES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14.GLOBAL ELASTOMER POLYURETHANES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15.GLOBAL OTHER POLYURETHANES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
16.GLOBAL POLYURETHANES MARKET SHARE BY END-USER, 2021 VS 2028 (%)
17.GLOBAL POLYURETHANES FOR AUTOMOBILE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
18.GLOBAL POLYURETHANES FOR CONSTRUCTION MATERIAL MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
19.GLOBAL POLYURETHANES FOR FOOTWEAR MARKET SHARE BY GEOGRAPHY, 2021 VS 2028(%)
20.GLOBAL POLYURETHANES FOR FURNITURE AND BEDDING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028(%)
21.GLOBAL POLYURETHANES FOR ELECTRONICS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
22.GLOBAL POLYURETHANES FOR OTHER MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
23.GLOBAL POLYURETHANES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
24.US POLYURETHANES MARKET SIZE, 2021-2028 ($ MILLION)
25.CANADA POLYURETHANES MARKET SIZE, 2021-2028 ($ MILLION)
26.UK POLYURETHANES MARKET SIZE, 2021-2028 ($ MILLION)
27.FRANCE POLYURETHANES MARKET SIZE, 2021-2028 ($ MILLION)
28.GERMANY POLYURETHANES MARKET SIZE, 2021-2028 ($ MILLION)
29.ITALY POLYURETHANES MARKET SIZE, 2021-2028 ($ MILLION)
30.SPAIN POLYURETHANES MARKET SIZE, 2021-2028 ($ MILLION)
31.REST OF EUROPE POLYURETHANES MARKET SIZE, 2021-2028 ($ MILLION)
32.INDIA POLYURETHANES MARKET SIZE, 2021-2028 ($ MILLION)
33.CHINA POLYURETHANES MARKET SIZE, 2021-2028 ($ MILLION)
34.JAPAN POLYURETHANES MARKET SIZE, 2021-2028 ($ MILLION)
35.SOUTH KOREA POLYURETHANES MARKET SIZE, 2021-2028 ($ MILLION)
36.REST OF ASIA-PACIFIC POLYURETHANES MARKET SIZE, 2021-2028 ($ MILLION)
37.REST OF THE WORLD POLYURETHANES MARKET SIZE, 2021-2028 ($ MILLION)
